Pareteum Corporation (NYSE American: TEUM), the rapidly growing cloud communications platform company, has announced services deployment to its first India based customer for their mobile subscribers, the company said.
These services enable India home country usage, and seamless global service when traveling or living abroad. Pareteum´s expedited deployment of the USD 3,000,000 agreement, announced in October, begins revenue generation in the first quarter of 2018, well ahead of scheduled backlog implementation.
As Pareteum´s first Global Cloud offering in India, subscribers are able to use our full suite of mobile enablement and connectivity services, plus mobile payments, including the most recently announced Blockchain support. With over 299 Million Smart phones in India, according to Statistica, India is a concentrated global demographic, with a continued underserved communication need. Further, Statistica indicates the market for Connections is robust and micro-financing via mobile phones and Blockchain settlement are expected to increase market penetration.
The mission of Pareteum is to connect “every person and everything”. Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information visit: www.pareteum.com.